Not good swift investigation

Discussion in 'Swift' started by Luse, Feb 25, 2016.

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  2. dog-c

    dog-c Road Train Member

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    Jerry can sell his bentley for starters
     
  3. truckthatpassesyouby

    truckthatpassesyouby Road Train Member

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  4. scottied67

    scottied67 Road Train Member

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    Get out while you can. When Swift gets the big shutdown there will be 15,000 drivers looking for driving jobs. Better get the ball rolling now and get your spot.
     
  5. dog-c

    dog-c Road Train Member

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    doubt it
     
    A21CAV Thanks this.
  6. Toomanybikes

    Toomanybikes Road Train Member

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    So Jerry borrows money from Swift, using collateral for the loan, shares of Swift that exceed 10% the value of Swift. Swift money is loaned against Swift money.

    Doesn't that sound like all the banking crap, Enron, World Com, Bernie Madoff crap that gets everybody upset.

    Wasn't he in a heap of trouble with Swift stocks before?
     
    LindaPV and goin2fast10 Thank this.
  7. dog-c

    dog-c Road Train Member

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    Yes ten years ago.

    He got off.

    Does it again and will employ an army of lawyers to get off again
     
  8. Subutai

    Subutai Bobtail Member

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    Wouldn't the amount of freight that needs to be moved be the same? I would imagine if 15,000 swift drivers lost their job, there would be roughly 15,000 openings elsewhere.
     
  9. Thegasman

    Thegasman Light Load Member

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    My Mom made a ton of money on swift stock 17 years ago
     
  10. Moosetek13

    Moosetek13 Road Train Member

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    So right!

    Every other carrier would be hot to hire 'most' any one of us.
    It would be a feeding frenzy.
     
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